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South East

13:05, 21 MAY 2025

Deloitte ��Ƶ staff bonuses to be determined by 2025 performance after 'lagging behind'

The Big Four firm's revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue

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Easyhotel slashes losses as it edges toward profit after Covid-19 pandemic

The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m for 2024, down from the €10.5m it reported for 2023, as it returned towards profit for the first time since before the Covid-19 pandemic

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Thames Water chair admits he 'misspoke' to MPs over emergency loan bonuses

Sir Adrian Montague, the chair of Thames Water, has admitted that he may have "misspoken" when he told a committee of MPs that the utility's creditors had insisted on the payment of bonuses to senior managers

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Lloyds Banking Group boss grilled over motor finance scandal

Chief executive Charlie Nunn said the bank had not seen "evidence of harm" from its operation in the motor finance market, but had made provisions for a potential Supreme Court ruling

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British Gas owner sells 46.25% of North Sea gas field stake to Ithaca Energy, boosting shares

The deal will see Spirit Energy - a subsidiary of Centrica - offload its 46.25% stake in the site for around £215m to Ithaca Energy

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Upper Crust owner SSP Group sees shares jump as profits climb amidst global expansion

The FTSE 250 firm recorded £45m in operating profit - up 20 per cent growth from the first six months of 2024, while revenue soared

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Vodafone plunges to £3.8bn loss as German business continues to struggle

The telecoms giant posted a pre-tax loss of €1.4bn for the year to end March, compared to a profit of €1.6bn the previous year

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Smiths Group shares rise as it posts strong third quarter revenue growth

The FTSE 100 engineering group said it was on track with its demerger plans

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Tesco and Sainsbury's supplier hit in cyber attack with 'products wasting away'

The firm, which also supplies Lidl and Aldi, is not among the ��Ƶ's top 30 food distributors, but plays a crucial role in the chilled food supply chain

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Natwest and Lloyds to cash in as Chancellor hints at ring-fencing reform

Rachel Reeves has told top bank bosses she is "open-minded" to ditch the ring-fencing regime imposed on major banks, after HSBC, Lloyds, Natwest and Santander lobbied her to scrap the 15-year-old legislation last month

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M&S cyber attack: ��Ƶ firms face long-term fallout as cyber crime soars

New data from Hiscox has revealed the long term brand and commercial damage from breaches has more than doubled in the past year, underscoring the mounting risks in an AI-driven threat landscape

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Pub giant Greene King issues urgent plea to government after losing £150m

The Suffolk-headquartered group fell to a pre-tax loss of £147.1m during its latest financial year, having posted a profit of £45.2m in 2023.

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Pret A Manger boss says some prices will rise after surviving 'near-death crisis'

Pret A Manger's ��Ƶ boss has warned that some price rises are "inevitable" as the sandwich chain deals with rising costs and the Chancellor's decision to up the National Minimum Wage.

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Ofwat offers 'capped liabilities' to investors as it seeks £50bn for water upgrades

The water regulator is looking for more than £50bn from investors to upgrade the ��Ƶ's second-rate water infrastructure as the National Audit Office (NAO) has said it would take 700 years at the current rate to complete the essential upgrades

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Landsec profits climb 5% amid push into residential and retail property

The property investment group, which owns the Bluewater shopping centre in Kent, said profit before tax rose to £395m in the year to March 31 from £341m the previous year

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Natwest shares hit decade high as government continues to reduce stake

The government is continuing to reduce its stake in the lender, with the FTSE 100 giant's stock up nearly 1% and touching highs of 498.8p

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'Investment magnet' financial services injected huge £281bn into ��Ƶ economy

Financial services have been a key battleground in the spat between the ��Ƶ and EU over market access, with the ��Ƶ government recently unveiling plans to make the City more competitive

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Direct Line suffers shareholder revolt over huge payday for insurance giant's chief

Direct Line Group has seen 36.5% of shareholders vote against the directors' remuneration report after it was revealed that chief executive Adam Winslow was paid more than £7.8m for the firm's latest financial year

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Rank Group to boost number of slot machines in Grosvenor casinos after gambling laws relaxed

The firm said the government's review of the 2005 Gambling Act had allowed it to "enable land-based casino reforms"

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Evri to merge with DHL eCommerce in latest delivery sector consolidation

Evri and DHL eCommerce will merge, creating a business that is set to deliver over a billion parcels every year, with 30,000 couriers and 12,000 office staff, DHL said

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Tui shares slump as losses widen after firm quits London Stock Exchange

The travel operator's underlying operating losses increased by €18m to €207m even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday

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Zopa Bank raises £80m in bond listing as it prepares for current account launch

The lender, which will convert to an unlisted public company within six months of the transaction, is gearing up to launch current accounts

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CMA launches probe into Aviva's £3.7bn Direct Line takeover

The CMA has begun its phase one inquiry to establish whether the deal would result in a 'realistic prospect of a substantial lessening of competition'

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Investors optimistic as Burberry shares climb 8% after reporting first loss since financial overhaul

The luxury fashion group reported a reported operating loss of £3m for the 52 weeks ended March 2025, its first loss in over a decade

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